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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income from continuing operations $ 21.8 $ 5.5
Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 0.9 1.0
Provision for credit losses 0.5 0.4
Stock-based compensation 1.0 0.4
Provision for deferred taxes 0.0 0.5
Changes in operating assets and liabilities:    
Accounts receivable (12.6) (2.8)
Inventories (31.4) (2.4)
Prepaid expenses and other assets (0.9) 0.2
Income taxes payable 1.1 0.4
Accounts payable 8.6 17.3
Accrued expenses, other current liabilities and other liabilities (3.0) (11.6)
Net cash (used in) provided by operating activities from continuing operations (14.0) 8.9
Net cash (used in) provided by operating activities from discontinued operations (0.1) 12.0
Net cash (used in) provided by operating activities (14.1) 20.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (1.1) (0.9)
Net cash used in investing activities (1.1) (0.9)
Cash flows from financing activities:    
Proceeds from short-term borrowings 57.1 19.6
Repayment of short-term borrowings (36.6) (19.6)
Dividends paid (7.0) (6.4)
Proceeds from issuance of common stock 0.7 2.3
Payment of payroll taxes on stock-based compensation through shares withheld (0.4) (1.9)
Proceeds from the issuance of common stock from employee stock purchase plan 0.6 0.5
Net cash provided by (used in) financing activities 14.4 (5.5)
Net (decrease) increase in cash (0.8) 14.5
Cash, cash equivalents and restricted cash – beginning of period 15.4 24.0
Cash, cash equivalents and restricted cash – end of period 14.6 38.5
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 14.6 36.9
Restricted cash 0.0 1.6
Cash, cash equivalents and restricted cash 14.6 38.5
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases $ 0.0 $ 0.7